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Lloyd’s Will No Longer Include Nation-State Attacks in its Cyber Insurance Policies

IT Governance

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

Insurance 105
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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

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SilverTerrier gang uses COVID-19 lures in BEC attacks against healthcare, government organizations

Security Affairs

Nigerian cyber gang SilverTerrier, specialized in BEC attacks, used COVID-19 lures in recent attacks on healthcare and government organizations. ” reads the analysis published by Palo Alto Networks. SilverTerrier has been active since at least 2014, it is a collective of over hundreds of individual threat actors. .”

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What Is the Role of Information Management in Customer Experience?

AIIM

It doesn’t matter if you’re an insurance company, local government agency, or something else. Back in 2017, AIIM concluded that at the heart of every Digital Transformation journey was the need to understand, anticipate, and redefine internal and external customer expectations.

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Dark Overlord hacking crew publishes first batch of confidential 9/11 files

Security Affairs

The Dark Overlord hacking group claims to have stolen a huge trove of documents from the British insurance company Hiscox, Hackers stole “hundreds of thousands of documents,” including tens of thousands files related to the 9/11 terrorist attacks. “ There’s five layers to go. Layer 1, 2, 3, 4, and fine finally Layer 5.

Insurance 111
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Cyber resilience in the Scottish public sector: meeting the Cyber Essentials certification deadline

IT Governance

The Scottish government therefore launched Safe, secure and prosperous: a cyber resilience strategy for Scotland in 2015 to help develop a culture of cyber resilience across the country. As part of this initiative, the government launched the Public Sector Action Plan in November 2017. Cyber Essentials certification.

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Regulatory Update: NAIC Fall 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. systemic risk of insurers with other parts of the financial system, notably the banking.